You got the degrees. Now your student loans are holding you back.
I know the feeling of having large amounts of student loan debt to pay off, with no idea where to start. Getting a handle on your student loans can be daunting.
In the U.S., navigating private and federal loans, while trying to choose a repayment plan that works best for you can be confusing.
If you have a Caribbean student loan, that’s another story.
With Caribbean student loans, you have terms and conditions that you may not understand, inadequate communication from loan servicers, and limited options for consolidation and refinancing. All you’ve heard is, “Go to school!” So you got the degrees, the high family praise, and now you have the student loan debt to match.
Here’s what you should do next:
- Learn how your Caribbean or U.S. student loans work.
- Implement strategies to pay off your student loan debt.
- Seek in-depth guidance on managing your student loans.
- Learn money tips to reach your other personal finance goals.
I created Your Money Worth to fill the gap in personal finance information and resources for Caribbean Millennial graduates.
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What to do about student loans in deferment from Melisa on Vimeo.
OCTOBER 2016: FINANCIAL INFORMATION MONTH SERIES
Articles and resources for managing student loans, minimizing debt, scholarship opportunities, and banking in the Eastern Caribbean.
Articles and resources for navigating U.S. Student loans. Learn about Private vs. Federal student loans, repayment plan options, consolidation, debt forgiveness and loan discharge.
Get help here if you struggle to understand your student loans, have trouble getting the right information from your lender, or you need personalized assistance setting up a payoff plan.
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Disclaimer: All data and information provided on this site is strictly the author’s opinion and does not constitute any financial, legal or other type of advice. Melisa Boutin makes no representations as to accuracy, completeness, suitability, or validity of any information on this site and will not be liable for any errors, omissions, or delays in this information or any losses or damages arising from its display or use. We also do not make any personal investments on behalf of our readers; neither do we provide specific investment advice.